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Dec 19, 2012
12/12
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if we bridge the fiscal cliff, without too many spending cuts and tax increases, we could have a very good 2013. that is why the heck the stock markets rally. let's go to mark in pennsylvania. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around a core position. um, you know, the stock only a half percent up today, down close to a full percent. the board approving coca cola enterprises, big news today with a repurchase program, and you know, we saw that go up 4.5%. my question to you, is there any relationship between coca cola enterprises and european market? >> not that much. they have specific things that are positive. my charitable trust owns it. it is why we play am i diversified. coke is the ultimate defensive stock. it can not rally in an environment where people think the economy is going to pick up big. let's go to mike in pennsylvania. >> big booyah from shippensburg university. >> what is going on? >> peabody energy. in 2011 australian mining of its growth. operations contributed to half of its growth. recently extre
if we bridge the fiscal cliff, without too many spending cuts and tax increases, we could have a very good 2013. that is why the heck the stock markets rally. let's go to mark in pennsylvania. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around a core position. um, you know, the stock only a half percent up today, down close to a full percent. the board approving coca cola enterprises, big news today with a repurchase program, and...
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Dec 21, 2012
12/12
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FOXNEWSW
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the pentagon from the fiscal cliff cut. as far as the automatic across the board tax hikes are concerned that are part of the fiscal cliff it is now up to senate democrats. here's his statement the house has already passed legislation to stop all of the january 1st tax rate increases and replaces sec quest tore with responsibility spending cuts that will begin to address our nation's crippling debt. the senate must now act. here is the response from the white house. the president will work with congress to get this done. we are hopeful we will be able to find a bipartisan solution that protects the middle class and our economy. after today the entire congress is on christmas vacation returning later next week. we may see turmoil in the market because of this failed vote last night. dow futures are already down this morning. back to you guys. >>> do you luzader, thank you. >> it is time now to entertain this. season two of the x factor has come to a close and the winner is... d tate stevens. >> country singer tate stevens co
the pentagon from the fiscal cliff cut. as far as the automatic across the board tax hikes are concerned that are part of the fiscal cliff it is now up to senate democrats. here's his statement the house has already passed legislation to stop all of the january 1st tax rate increases and replaces sec quest tore with responsibility spending cuts that will begin to address our nation's crippling debt. the senate must now act. here is the response from the white house. the president will work with...
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Sep 11, 2012
09/12
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WRC
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the fiscal cliff is getting put off until after election day. the farm bill that will help with the drought is partially postponed because republicans are pushing for a cut in food stamps. >> the american people are asking to balance this budget. >> reporter: each side blames the other. >> for people that are outside and out of work, they're astonished by the fact that this congress won't do anything. it seems content to kick the can down the road. >> reporter: so what might get passed before the election? nearly one of those short term stop-gap spending bills to keep government going past september 30th. i'm steve handlesman, nbc news, capitol hill. >>> and now here's a look at some other stories making news early today in america. in nebraska, four masked men armed with an ak-47 took over a mini market. they dragged a clerk along the floor as she struggled, then forced her to the cash register to hand over money. they were in and out of the store in less than 90 seconds and they're wanted for at least one other holdup. >>> in california, newly
the fiscal cliff is getting put off until after election day. the farm bill that will help with the drought is partially postponed because republicans are pushing for a cut in food stamps. >> the american people are asking to balance this budget. >> reporter: each side blames the other. >> for people that are outside and out of work, they're astonished by the fact that this congress won't do anything. it seems content to kick the can down the road. >> reporter: so what...
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Dec 8, 2012
12/12
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CSPAN
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the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in
the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in...
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Oct 28, 2012
10/12
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FBC
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the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertain. it is the concern that we will have higher taxes and taxes on sectors of the economy that have been important in creating growth. governor romney has talked a lot about small business. i think the president has proposed that, but there is an importantoint there, and that is that if you tax the top earners at 39% your hitting small businesses. when you talk about investment, when you talk about capital gains, you talk about dividends, taxation at ordinary income levels, you're talking about significant impediments to growth. that is how you create jobs in this country. we know it works. there is a historical record on the stuff. this is not just
the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertain. it is the concern that we will have higher taxes...
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Sep 2, 2012
09/12
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CNBC
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will we fall off the fiscal cliff with the tax cuts set to expire in january? >> you know things are so bad in washington that people can't even agree if you're going to go over the fiscal cliff or run into it. so i don't see anything happening in the short term. if short term means before the election. if mitt romney wins, they just delay the whole thing in the next six to nine months, with the argument that the president should have a chance to put the budget together. the interesting thing is if obama wins, the white house indicates they're going to have negotiations with the republicans, and they're trying to make the fiscal cliff look -- trying to make the president look bold enough to go over the fiscal cliff as a bargaining tactic with the republicans. whether it works, gosh, i don't know. >> how do you read the difference between the president and mitt romney in their approach to fixing the deficit? especially when it comes to medicare? do you think either has a chance to repair that? >> well, i hope so because the program is broken. i wrote a column th
will we fall off the fiscal cliff with the tax cuts set to expire in january? >> you know things are so bad in washington that people can't even agree if you're going to go over the fiscal cliff or run into it. so i don't see anything happening in the short term. if short term means before the election. if mitt romney wins, they just delay the whole thing in the next six to nine months, with the argument that the president should have a chance to put the budget together. the interesting...
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Dec 1, 2012
12/12
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later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa
later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel...
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the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to the right thing? admiral james lyons joins us next. ♪ lou: 31 days until the fiscal clef, the threat of sequestration largely being ignored. automatic spending cuts tohe tune of 1 trillion over ten years, hal coming from our defense budget. joining me now to discuss the impact on our military, nestle security, we are joined by hammer and -- admiral james lyons. they to have you back with us. your thoughts on the impact of sequestration is, indeed, it goes into affect year. >> in the words of the secretary of defense, leon panetta, this will be a disaster. what the obama administration is doing is unilaterally reducing the military capability of our forces. this is at a time when we have china with its massive force expansion, building a world capable force projection capability. we have the russians modernizing the russian forces. we still have the iranian problem totally unr
the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to the right thing? admiral james lyons joins us next. ♪ lou: 31 days until the fiscal clef, the threat of sequestration largely being ignored. automatic spending cuts tohe tune of 1 trillion over ten years, hal coming from our defense budget. joining me now to discuss the impact on our military, nestle security,...
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Nov 8, 2012
11/12
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KTVU
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today she and others urged a solution to the so-called fiscal cliff, the automatic federal budget cuts that are set to kick in at the end of the year. >> the largest job loss is california, 220,000 jobs, 130,000 are related to defense. so if there is a hatchet used, california is the state most hurt. >> dianne feinstein said leaders of congress along with the president should look for a compromise to avoid cuts. >>> coming up, the promises republican leaders are making about the next 4 years under a democratic president. >>> police made a second arrest in the vandalism case. he was taken into custody this morning. he is facing charges relating to the destruction of a muni bus at market and third street on october 29. that cost muni a million dollars. police say they are still looking for two more suspects. >>> a jury today convicted a man of shooting and killing his ex-girlfriend and her friend near the richmond-san rafael bridge toll plaza. nathan burris admitted he committed the murders in august of 2009. he killed the toll taker and her friend as he sat in his truck. the penalty pha
today she and others urged a solution to the so-called fiscal cliff, the automatic federal budget cuts that are set to kick in at the end of the year. >> the largest job loss is california, 220,000 jobs, 130,000 are related to defense. so if there is a hatchet used, california is the state most hurt. >> dianne feinstein said leaders of congress along with the president should look for a compromise to avoid cuts. >>> coming up, the promises republican leaders are making...
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the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. want to trto crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share wi
the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. want to trto crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who...
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Nov 30, 2012
11/12
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FOXNEWSW
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spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. >> perhaps most su prirprising the white house proposal to get the president just about unlimited power to raise the nation's debt sealiceiling and w more and more money unless they reject. these will be tough negotiations ahead. we got a little sample of this yesterday from senate majority leader talki
spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending...
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the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? ca this congress and this president figure out how to do the right thing? admiral james lyons joins us next. ♪ ♪ here come the -- [ cap twisting off ] hey, yo?! i lost audio. what happened?! [ ice crackling ] what!?! oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. ♪ get out of my booth!!! [ male announcer ] frost brewed coors light. the world's most refreshing beer. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and af
the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? ca this congress and this president figure out how to do the right thing? admiral james lyons joins us next. ♪ ♪ here come the -- [ cap twisting off ] hey, yo?! i lost audio. what happened?! [ ice crackling ] what!?! oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's...
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Nov 26, 2012
11/12
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CSPAN
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host: this so-called fiscal cliff -- you said the tax cuts should expire. what would be the impact of tax cuts expiring for the middle- class and others? guest: look, this election was about how we recreate andry imagine the american dream for those who want to be in the middle-class and those who want a broad and middle-class. of course it would hurt if -- that is part of the reason why they talked about it as a real deadline. we need to maintain the middle- class tax cuts. we need to maintain a balanced approach. what the movement is trying to do is push at that, make sure there is a safety net for medicare, for social security, for medicaid, making sure those investments in our future like education and infrastructure -- finding some of the revenue to do that, which is why we are pushing for the expiration of the bush tax cuts for the wealthy, those over a quarter of a million dollars. >> here are the numbers to call -- sequestration, these scheduled cuts that will take place unless congress and the white house act, would mean an 8.2% cut in most departm
host: this so-called fiscal cliff -- you said the tax cuts should expire. what would be the impact of tax cuts expiring for the middle- class and others? guest: look, this election was about how we recreate andry imagine the american dream for those who want to be in the middle-class and those who want a broad and middle-class. of course it would hurt if -- that is part of the reason why they talked about it as a real deadline. we need to maintain the middle- class tax cuts. we need to maintain...
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Dec 31, 2012
12/12
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WUSA
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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Nov 23, 2012
11/12
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FOXNEWSW
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. >> if a deal is not reached on the fiscal cliff tax cuts will expire on january 1st. back to black friday. unfortunately fights already breaking out. this was the scene in indianapolis a few hours ago. police were called in to break up fights. shoppers waited in line to receive vouchers for plasma tvs and learned that some of the people were selling vouchers for profit. and right now, we are going to go with waga who is live with more. good morning and tell us what is happening there and what the scene is like? >> well, no fights here, i can tell you that. a lot of folks having a good time and spending money. we are in the mall ofia and which is the largest mall in the state of georgia and largest mall in the southeast. it opened up at midnight. and few years ago we used to come up here and cover the place and then it moved to four o'clock a.m. and now midnight. they are trying to compete with the big boxes that are opening up earlier and thingings are crowded now, it is it nothing compared to what it was like in midnight they are brought out by door busters and gift
. >> if a deal is not reached on the fiscal cliff tax cuts will expire on january 1st. back to black friday. unfortunately fights already breaking out. this was the scene in indianapolis a few hours ago. police were called in to break up fights. shoppers waited in line to receive vouchers for plasma tvs and learned that some of the people were selling vouchers for profit. and right now, we are going to go with waga who is live with more. good morning and tell us what is happening there...
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the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. look, if youave co like me, you know it can be hard to breathe, and howhat feels. copd includes chronic bronchitis and emphysema. spiriva helps contl my copd mptotoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva ishe only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalationowder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. scuss all medicines you take, even eye drops. stop taking spiriva and seek imdiate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain or problems passing urine. other side effects include drmouth and
the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. look, if youave co like me, you know it can be hard to breathe, and howhat feels. copd includes chronic bronchitis and emphysema. spiriva helps contl my copd mptotoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva ishe only...
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Nov 9, 2012
11/12
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KNTV
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. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in, more than half of all married couples with two children would owe and additional $4,000 in taxes a year. for those with three or more children that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government programs, including defense, medicare, extended unemployment benefits. everything but veterans benefits, social security, and federal pensions. economists say that combination would act as a brake on the economy throwing it back into recession and could cause a market crash. >
. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in,...
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the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? ♪ lou: 31 days unl the fiscal clef, the threat of sequestration largely being ignored. automatic spending cu
the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your...
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Dec 26, 2012
12/12
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CNBC
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president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as ar
president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide...
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Nov 28, 2012
11/12
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FOXNEWSW
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as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress acted in accordance with the will of the people. >>> there's a debate of how to raise taxes. if government spending isn't paired back in some way republicans may not fine off on a deal. >> oo we already know the president is a good campaigner. we congratulate him on his reelection. what we don
as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>>...
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the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot fr
the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget with deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells,...
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Jul 26, 2012
07/12
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CNNW
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"outfront" tonight, playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the keyword. senator majority leader mitch mcconnell announced he would not filibuster the measure. instead he allowed a straight up-or-down majority wins vote. the republican plan, extend the tax cuts for everyone. and president obama's plan, extend the cuts for 98% of americans, how olds making under $250,000 a year. why would senator mcconnell do such a thing? >> the only way to force people to take a stand is to make sure that today's votes truly count, by setting these shoet votes at a 50-vote threshold, nobody on the other side can hide behind a procedural vote while leaving their views on the actual bill itself a mystery, a simple mystery to the people who sent them here. >> and tonight, we now know where everyone stands. the democrats' bill narrowly passed, 51 to 48. with two democrat, joe lieberman and jim webb opposing. the republicans' plan failed. the vice president was there himsel
"outfront" tonight, playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the keyword. senator majority leader mitch mcconnell announced he would not filibuster the measure. instead he allowed a straight up-or-down majority wins vote. the republican plan, extend the tax cuts for everyone. and president obama's plan, extend the cuts for 98% of americans, how olds making under $250,000 a year. why would senator...
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Nov 9, 2012
11/12
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so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700. on top of that, the payroll tax cut would expire. so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security, and federal pensions congress says that action would act as a break on the economy, throwing it back into recession and could cause a market crash. >> people watching very closely is can the administration actually tackle those fi
so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children...
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Dec 20, 2012
12/12
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to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan b today-- a tax hike for those making more than a million dollars. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> reporter: hours before the speaker issued his challenge, the president said the two sides were not that far apart. just a few more steps the pr
to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut...
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Nov 9, 2012
11/12
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there is no way to avoid the fiscal cliff. spending cuts and tax increases are set to kick in next year. it with send the economy into a tail-spin. that could increase. a immediate yap household income is $70,000. if everything stays as is, that family will be hit with $3500 in taxes. >> that's 300 a month or capable and electric combined. the president will speak at 1:00 today about the potential crisis. >>> the children at hopkins gets creative and draws things and they are chosen and put on ties. they have done this for years and it has raised a lot of money if you have one today is the day to wear it. can you buy one, too. linda so is live and where are the ties sold? >> reporter: it is all in collaboration with jos a. bank, that's where can you find them. the collection is out. can you find them in the others -- stores and online. the artists who designed their own ties are wearing them. can you wave. they are troopers for getting up this early to be with us. you are with hopkins, you work with the kids. this is cool. >>
there is no way to avoid the fiscal cliff. spending cuts and tax increases are set to kick in next year. it with send the economy into a tail-spin. that could increase. a immediate yap household income is $70,000. if everything stays as is, that family will be hit with $3500 in taxes. >> that's 300 a month or capable and electric combined. the president will speak at 1:00 today about the potential crisis. >>> the children at hopkins gets creative and draws things and they are...
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Nov 10, 2012
11/12
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CSPAN
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regarding the fiscal cliff. during this briefing, news also broke that cia director david petraeus had resigned due to an extramarital affair. surely after this, president obama released a statement accepting his resignation. this briefing is just under one hour. >> good afternoon, ladies and gentlemen. welcome back to the white house briefing room. it is a pleasure to be back. we have not done this too often of late since we have all been traveling. i want to thank all of you who traveled with us over these past several weeks and months. i know that sometimes grueling. it was certainly part of a remarkable process. just a reminder of the greatness of the country in which we live. before i take your questions, let me give you this announcement. next thursday, the president will travel to new york to the recovery efforts, meet with affected families and local officials, and the brave first responders that have worked tirelessly to protect communities following hurricane sandy. more details about the trip will be
regarding the fiscal cliff. during this briefing, news also broke that cia director david petraeus had resigned due to an extramarital affair. surely after this, president obama released a statement accepting his resignation. this briefing is just under one hour. >> good afternoon, ladies and gentlemen. welcome back to the white house briefing room. it is a pleasure to be back. we have not done this too often of late since we have all been traveling. i want to thank all of you who...
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Sep 24, 2012
09/12
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CNN
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the fiscal cliff will mean big cuts to federally funded research. and this is the way one of the industry groups has looked at this. 200,000 job cuts by next year. the cost of gdp could be $860 billion. so what does that mean? how much is that? if you look at the low end of estimates for what the economy will be hurt, how badly hurt by just cuts it is six months of new vehicle perches, two years of airline travel, six years of professional sporting events. that is the impact it would have. that activity would be taken out of the economy. >> we are going to make these cuts and be fiscally restraining ourselves. do we all of a sudden get a boost and get the credit agency saying good job. >> it would put the u.s. in a better footing on the debt front. we do need to work on the debt and deficit front. but the down side of that to get the better debt footing you would face probably a very crushing recession. >> we go over that cliff into the whole of recession. >> congress is supposed to be a little more nuanced than this. this congress cannot handle g w
the fiscal cliff will mean big cuts to federally funded research. and this is the way one of the industry groups has looked at this. 200,000 job cuts by next year. the cost of gdp could be $860 billion. so what does that mean? how much is that? if you look at the low end of estimates for what the economy will be hurt, how badly hurt by just cuts it is six months of new vehicle perches, two years of airline travel, six years of professional sporting events. that is the impact it would have. that...
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Jul 25, 2012
07/12
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CNN
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instead, we're still playing chicken with the fiscal cliff. tax cuts expiring for everyone automatically. now, the cbo says if congress let this is happen, economic growth could contract by 1.3% during the first half of 2013. but the agency said would probably be judged a recession. our economy is only projected to grow between 2.% and 2.8% next year. not only are we speeding towards that fiscal cliff, we're wasting money with all this mindless bickering. this week, we actually learned the cost of all this sandbox politics. $1.3 billion. the government accountability office calculated the cost of last summer's debt ceiling debate. a fight in the name of fiscal responsibility that essentially held the full faith and credit of the united states hostage actually ended up costing taxpayers an additional $1.3 billion. as you hear it on this show every day, it's been almost a year since we lost our aaa credit rating. and it's all because of washington's inability to work together. "outfront" tonight, one man who's a leader in the house and a member
instead, we're still playing chicken with the fiscal cliff. tax cuts expiring for everyone automatically. now, the cbo says if congress let this is happen, economic growth could contract by 1.3% during the first half of 2013. but the agency said would probably be judged a recession. our economy is only projected to grow between 2.% and 2.8% next year. not only are we speeding towards that fiscal cliff, we're wasting money with all this mindless bickering. this week, we actually learned the cost...
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Dec 1, 2012
12/12
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in a moment the fiscal cliff cuts that could affect people in a fight for their lives. you're watching "weekends with alex witt." you're watching weekend with add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is world aids day when people around the globe come together to show their support for the millions who have died from the disease and for those who are living with it. incredible advancements have been made, but a new report finds that budget cuts included in the fiscal cliff could cost aids and h.i.v. programs nearly 700 million in funding. we like to see that red ribbon on the front of the white house. joining me is michael elliott, president and ceo of one, the global advocacy organization formed by bono. >> how are you? >> i'
in a moment the fiscal cliff cuts that could affect people in a fight for their lives. you're watching "weekends with alex witt." you're watching weekend with add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male...
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Dec 26, 2012
12/12
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FOXNEWSW
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if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of christian conservatives believe that if we're going to say happy holiday, perhaps those that think it's any other holiday should support the economy and they're not buying the gifts they used to buy. they do christian efforts locally in churches and talk to families about other things than gifts. >> we always say merry christmas here but stay on this here. if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income level across the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearin
if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of...
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Nov 9, 2012
11/12
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WUSA
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but it appears to be indicative of what the federal fiscal cliff will mean. when the state cuts, it's local governments that get hurt and they cut. >> thank you, gary. tomorrow we'll hear from one guy would may be able to do something about those cuts. president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs down and takes a long time to avert the so-called fiscal cliff it would trigger a recession. the man what shot former congresswoman gabrielle giffords in the head and killed six others will spend the rest of his days behind bars. giffords faced her shooter. he told loughner, you tried to create world as dark as yours but you failed. kelly added, you may have put a bullet through her head, but you haven't put a dent in her spirit. giffords' aid ron bear bar was also wounded. he served out the rest of the congresswoman's term. >> i turned to mr. loughner and said, i hold no hatr
but it appears to be indicative of what the federal fiscal cliff will mean. when the state cuts, it's local governments that get hurt and they cut. >> thank you, gary. tomorrow we'll hear from one guy would may be able to do something about those cuts. president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs...
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then you have the fiscal cliffs scenario the automatic cuts are going. it is pretty interesting the market is a pretty good predictor. liz: boeing, lockheed martin but that is a different scenario because obama did not have massive budget cuts but if you have the fiscal cliffs scenario if obama is reelected and republicans keep the house and not take the senate the fiscal cliffs scenario, . liz: why with romney? >> think of it. they have the deal with the president. you have good deal of then you hit the fiscal cliff. people say at you are predicting obama lending. i am not. but the ball street firms look at this. they put the numbers together. but does it matter who i want to but based on their analysis and is probably the electoral college walk for the president. my sources tell me why with the evangelical win and low voter turnout for the democrats. that is what they say. they have come out with their analysis. >> our both of these yours? >> you don't want to know what is on mine. liz: 30 minutes before the bell rings. i am writing to the nasdaq right
then you have the fiscal cliffs scenario the automatic cuts are going. it is pretty interesting the market is a pretty good predictor. liz: boeing, lockheed martin but that is a different scenario because obama did not have massive budget cuts but if you have the fiscal cliffs scenario if obama is reelected and republicans keep the house and not take the senate the fiscal cliffs scenario, . liz: why with romney? >> think of it. they have the deal with the president. you have good deal of...
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(laughter) the fiscal cliff, the thing we're trying to avoid, at $1.2 trillion in cuts, half of those cuts were going to be to defense. this has $1.2 trillion in cuts but they're just saying why don't we make the whole thing cut to entitlements and domestic spending and not cut defense at all? basically they're trying to entice the democrats. they're saying i don't want you to fall off this cliff, so why don't you voluntarily jump off this steeper cliff. (laughter) but dent worry, your fall will be cushioned by lava. (laughter) now, obviously it's a negotiation, people take a hard-line position. with the tax rate being the lowest in america since the 1950s, most likely we'll raise the tax for the up 2er% at some point, right? >> raising tax rates is unacceptable. >> jon: okay. so what exactly is your idea of the a negotiation? >> the president's idea of a negotiation is "roll over and do what i ask." (laughter) >> jon: at least once he has you on your back he asks. (laughter) i can't wait till -- (applause) they're applauding the lack of rape. (laughter) (applause) now they're just mi
(laughter) the fiscal cliff, the thing we're trying to avoid, at $1.2 trillion in cuts, half of those cuts were going to be to defense. this has $1.2 trillion in cuts but they're just saying why don't we make the whole thing cut to entitlements and domestic spending and not cut defense at all? basically they're trying to entice the democrats. they're saying i don't want you to fall off this cliff, so why don't you voluntarily jump off this steeper cliff. (laughter) but dent worry, your fall...
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Nov 30, 2012
11/12
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tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's daily brief before she made her misleading statement about the cause of the september 11 attacks. now back to my colleagues at "the five." ♪ ♪ >> brian: this is a senior and has autism and other development issues and a t place kicker, which is extraordinary. having a rough season. but anthony led the team to upset victory. here is how it sounded. [ cheering ] >> brian: this game-winning field goal is a hit on youtube ever since. what is amazing, this kid loves rutgers. he used to sit in the stands. developmentally around 12 years old. going to high school and beloved by everybody. sitting in the stands watc
tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's...
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Nov 29, 2012
11/12
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>> nick, let's talk about the other side of this fiscal cliff negotiations and those are cuts. bowles told reporters yesterday it seemed as though republicans were clear there's a need for revenue and democrats need to recognize the need for entitlement reform. what exactly do you think, if you can peer into your crystal ball, what's exactly on the table here. you know, are we going to get -- >> i can't see the crystal ball. it's in the studio. >> are we going to get significant entitlement reform or are we probably going to be left with at best maybe raising the retirement age for social security or raising the eligibility age for medicare? >> you know, i'd be very surprised to see social security be a part of the discussion here. >> at all? >> because it's not really kind of a huge driver of the deficit we're talking about right now. it's really the health care programs. but i think if you just pull back and make it really simple for a second, what you see are the democrats are saying, wait a second. increasing taxes a little bit on the rich or significantly on the rich, howe
>> nick, let's talk about the other side of this fiscal cliff negotiations and those are cuts. bowles told reporters yesterday it seemed as though republicans were clear there's a need for revenue and democrats need to recognize the need for entitlement reform. what exactly do you think, if you can peer into your crystal ball, what's exactly on the table here. you know, are we going to get -- >> i can't see the crystal ball. it's in the studio. >> are we going to get...